Gopal Srinivasan, Chairman of TVS Capital Funds, criticizes the sustainability of India's quick-commerce sector, led by Zomato and Swiggy, as reliant on private equity without long-term viability.
Duo, the green cartoon owl mascot for language learning app Duolingo, has died, and singer Dua Lipa is grieving. The brand announced Duo’s passing on Tuesday, writing in a cheeky statement on th ...
Zomato and newly-listed Swiggy are betting big on growth through quick-commerce but the spending required to ward off intense competition in the sector is spooking investors and has wiped off ...
Back in July 2021, when India’s market regulator eased listing rules for new-age internet businesses, Zomato was the first to go public, paving the way for Paytm, Nykaa, and rival Swiggy.
In the QC space, Citi estimates Zomato’s market share at 41%, while Zepto is projected ‘par/higher than Swiggy’, based on data traffic trends, pushing Swiggy to the third place Swiggy's ...
In fact, as of Q3 FY25, Swiggy is at the same level as Zomato-owned Blinkit was one year ago. This shows the road ahead for Swiggy’s Quick Commerce business. In Q3, the vertical reported 14% ...
It sees Swiggy trading at a discount compared to Zomato as the former has a large gap in unit economics and cash burn rate compared to Zomato. This means that Swiggy is on a path to customer ...
Blinkit’s business had completed its pivot to quick commerce in Jan 2022, and it was odd that five months were enough for Zomato to make a strategic acquisition: At the time, Swiggy had already ...
India's quick-commerce frenzy, which has boosted the fortunes of delivery firms such as Zomato and SoftBank-backed Swiggy, is not sustainable in the long run, a top Indian private equity fund's chief ...
Swiggy Instamart is behind in the quick commerce race, as Zomato-owned Blinkit and Zepto ... the Citi report stated. Invite your friends and family to sign up for MC Tech 3, our daily newsletter ...